The Value of Owning a DC Home

With bad economic news and a record number of home foreclosures making the headlines recently, there are those who have begun to question the value of owning a home. Owning a home still has economic as well as emotional value. If you would like to learn more about the value of owning a home in DC, MD or No VA , we can answer your questions and help you become a homeowner.

Owning a home should be considered a long term financial investment. During the housing boom, people bought and sold homes in very short time periods and made a handsome profit. When the bubble burst, many found themselves losing money when they had to sell quickly. Despite this, those who stayed in their homes over the long term have seen healthy gains in their property values.

The fact is the longer people own their homes, the more return they will see on their investment. According to a recent article in Realty Times, the typical seller who purchased a home eight years ago saw a median equity gain of $33,000, which is a 24 percent increase. Moreover, sellers who were in their homes for 11 to 15 years saw a median gain of 40 percent.

There is also an emotional value attached to home ownership. People enjoy having a place to call their own. In fact, home ownership is still considered part of the American Dream. A home is thought of as a symbol of success and belonging as well as a nurturing place to raise a family.

Home ownership can be rewarding both financially and emotionally. Invest in your financial future and gain the satisfaction of home ownership in the DC area. Start off on the right foot by contacting real estate expert Rachel Valentino of Valentino & Associates. She'll walk you through the process (all with a friendly attitude) so you can start your journey & start reaping the benefits in the years to come.